§ 2879a. Cancellation of participation agreements
(a) Any participant may cancel a participation agreement at will, and any return of funds from the participant’s account shall be subject to terms and conditions established by the Corporation, provided that any penalties levied as a result comply with the provisions of the Internal Revenue Code or Title 32 relating to Investment Plans.
(b) The Corporation may provide by rule that no termination penalty shall apply in certain circumstances. (Added 1997, No. 79 (Adj. Sess.), § 1, eff. July 1, 1997; amended 2001, No. 58, § 4, eff. June 16, 2001; 2019, No. 51, § 17, eff. Jan. 1, 2019.)
Structure Vermont Statutes
Chapter 87 - Grants, Scholarships, and Education Loan Programs
§ 2821. Student Assistance Corporation; purpose
§ 2827. Confidentiality of personally identifying information
§ 2832. Organization and compensation
§ 2835. Controls, audits, and reports
§ 2843. Applications, certificates, and reports
§ 2844. Amount received; proration
§ 2845. Trust fund; grants; students in Department for Children and Families custody
§ 2854. Amount; number; disbursement
§ 2857. Vermont National Guard Tuition Benefit Program
§ 2867. Reserve and pledged equity funds
§ 2868. Notes, bonds, and other obligations
§ 2869. Loan cancellation; mathematics, science, and computer science teachers
§ 2877. Vermont Higher Education Investment Plan created
§ 2878. Participation agreements for Investment Plan
§ 2878a. Participation agreements for Investment Plan; Vermont Matched Savings Program
§ 2879. Investment and payments
§ 2879a. Cancellation of participation agreements
§ 2879b. Effect of payments in computation and determination of financial aid need
§ 2879d. Property rights to assets in the Plan
§ 2879e. Construction and application
§ 2880b. Vermont Universal Children’s Higher Education Savings Account Program Fund
§ 2880c. Initial deposits to the Program Fund
§ 2880e. Withdrawal of Program funds
§ 2880f. Rights of beneficiaries and their families